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Posts Tagged: “capitalism“
Free Markets: From Competition to Cooperation
Critics of free markets often argue that the competition found in markets is akin to animals in the wild; in the “dog-eat-dog” world of capitalism, they say, people must fight for survival. In this argument, however, lies insidious equivocation. On the contrary, markets are the most effective means for promoting both peace and social cooperation.
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Competition: The Essential Driver Behind Every Market Process
The division of labor and specialization in the free market are responsible for the vast wealth the developed world has accumulated over the last two centuries. With monetary and fiscal threats to the market at every political corner, it’s worth revisiting why the market– and the competition that drives it– is so important.
The Modern Myth of “Wage Slavery”
The idea of ‘wage slavery’ unfairly compares today’s suffering job market to historical chattel slavery, using outdated 19th-century arguments to criticize modern work. This oversimplification overlooks the significant improvements in workers’ freedom and their right to work. Some will choose to work at a lower wage than accept a worse alternative.
Peter Schiff: Inflation and Biden’s Blame Game
During this week’s Super Bowl ads, Biden slammed greedy corporations for inflation. In his most recent podcast, Peter explains exactly what’s happening with inflation, and why Biden’s blame game has it backward.
Peter Schiff Debates Two Socialists on the Debt Ceiling and the Economy
The fake debt ceiling fight rages on. Last week, the US Senate agreed to a small increase in the borrowing limit, but it only kicked the can down the road a couple of months. The $480 billion increase raises the debt limit to $28.9 trillion, but that’s only going to last until Dec. 3. Peter […]
Peter Schiff: If They Were Smart, They Wouldn’t Be in the Stock Market
Peter Schiff hit a number of subjects in his most recent podcast, including bitcoin, the stock market, wealth inequality, the Fed and the voting age. He also said we should be thankful for capitalism.
Peter Schiff: Capitalism Isn’t the Problem Here
How are all of these unprofitable companies staying afloat and even making big splashes with media-hyped IPOs? Peter Schiff addressed this question, along with the supposed “failure” of capitalism in his most recent podcast.
Real Capitalism Isn’t Rigged; Socialism Is
As we’ve noted before, Keynesian central planners suffer from fatal conceit. They think they are smart enough to plan and direct the economy better than the free market. When you boil it all down, these people believe they can do a better job of making your economic decisions than you can. After all, a free […]
Peter Schiff Debates a Socialist (Video)
The US federal government posted the largest budget deficit since 2012 in fiscal 2018. Uncle Sam ended 2018 $779 billion in the red, adding to the ballooning national debt. The Bipartisan Policy Center called the Treasury report a “wakeup call,” noting that trillion dollar deficits during an economic expansion are a serious issue. But not everybody […]